USAID Awards Tetra Tech $24 Million Contract to Strengthen Clean Energy Services in Central Asia
PASADENA, Calif. — Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) has awarded the Company a $24 million indefinite delivery indefinite quantity Power the Future Activity Contract to help governments of Central Asia accelerate the development and deployment of clean energy throughout the region.
Under the four-year contract, Tetra Tech will support USAID and its Central Asian country partners to strengthen the capacity of these countries to provide sustainable energy services that are competitive with the wholesale and retail electricity prices that are common throughout the region. Tetra Tech will also provide technical services, including conducting pilot studies for the scaling up of renewable energy practices across the region, developing innovative approaches to increase the integration of sustainable energy grid connections, and developing regulations to promote increased investment in renewable energy and energy efficiency measures.
“Tetra Tech is pleased to continue to support USAID’s efforts to improve access to clean energy in developing countries,” said Dan Batrack, Tetra Tech’s Chairman and CEO.
About Tetra Tech
Tetra Tech is a leading provider of consulting and engineering services differentiated by Leading with Science® in providing innovative technical solutions to our clients. We support global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With 16,000 associates worldwide, Tetra Tech provides clear solutions to complex problems. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and 10-Q filings with the Securities and Exchange Commission.